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THE MAMIC WAVE in progress: SPX 4K possible before by Jan 31


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#1 dTraderB

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Posted 10 January 2021 - 05:24 PM

That should be MANIC WAVE
But most likely a pullback before the final rally to SPX 4K

Adam Mancini (@AdamMancini4) tweeted at 3:07 pm on Sat, Jan 09, 2021:
Have a great weekend! After the usual bear trap we get most weeks #ES_F, continued its melt up last week. Base case is 1 more leg up then correction

Plan next week: Target is 3860, then 3900-3950 correction zone. Warning: 3770 fails 1st we start sell directly to 3720, 3630 $SPX https://t.co/byBXyYZQmc
(https://twitter.com/...9376547840?s=03)

Edited by dTraderB, 10 January 2021 - 05:25 PM.


#2 dTraderB

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Posted 10 January 2021 - 05:26 PM



Adam Mancini (@AdamMancini4) tweeted at 7:36 pm on Sat, Jan 09, 2021:
Note: This is not me calling a "top" - I will never call a top as its impossible to determine that (at least until a major support is lost), and I am a level-to-level trader. Off a resistance I look to the next support down, re-assess, then if that goes, the next etc.
(https://twitter.com/...5084180482?s=03)

#3 dTraderB

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Posted 10 January 2021 - 05:31 PM

Wanted to post this at the top of this topic but forgot


Michael Santoli (@michaelsantoli) tweeted at 9:48 am on Sat, Jan 09, 2021:
Market's starting to run hot again. The case for reflation and chase for disruption the dual fuels - unusual to see both ripping at once.

Seems it'll need either to turn down from boil to simmer soon or the pot will start to shake and bounce. New column.

Stocks enter the manic, exuberant bull market stage, but that doesn't mean it's near ending


https://www.cnbc.com...ear-ending.html

#4 dTraderB

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Posted 10 January 2021 - 05:35 PM

TESLA!
I think I will get another 25 to 50 points in TESLA for my bearish Option position.

Tesla Stock Flashes Several Signals Of Climax Top: What To Do | Investor's Business Daily


https://www.investor...ax-top-signals/

#5 dTraderB

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Posted 10 January 2021 - 06:15 PM

36 QQQ PUTS

 

1 NQ hedge long  13086

 

I should add at least another 20 to 30 PUTS if market rallies this week by at least 20 QQQ points

 

I have at least 3 possible TESLA spread orders that should be placed tomorrow. 

 

But I focus now on what could be an active and volatile Sunday night session



#6 dTraderB

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Posted 11 January 2021 - 07:14 AM

Will be daytrading NQ LONGs with MAX SIZE (8 lots: 4 - 2- 2-)

Hit & Run, extreme scalping... 

 



#7 12SPX

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Posted 11 January 2021 - 08:37 AM

Couldn't resist taking advantage of that over zealous rally at the end of the day on Friday lol!!  Sold a bit more right at the open taking my average sell to 3808 and had a strong feeling to hold it over night.  Profit stop 3800 for the open but if hit I'll be selling it above right away to start a new build. 



#8 dTraderB

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Posted 11 January 2021 - 09:32 AM

12956 nq hedge long

#9 12SPX

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Posted 11 January 2021 - 09:49 AM

Whoops just did a reread what I meant by the "open" was yesterday afternoons open.  It appears volume is already dead that's weird!



#10 12SPX

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Posted 11 January 2021 - 10:40 AM

Out for an 8 point profit but nervous we could drop quick so jumped back in to start a short build at 3803!